Question 0

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Rakiya and Joy are in partnership and agreed that 5% interest per annul is to be charged on drawings. The drawing made by both partners in one year were: Rakiya, N200 on March 31 and N300 on September 30. Joy, N100 on April 1 and N240 on July 1.

The interest on joy's drawing is?

  • A.N6.00
  • B.N7.25
  • C.N9.00
  • D.N9.75
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2000
Question no.
#0
Type
Objective

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